Kentucky pharmacy wholesaler bonds, virtual.
$250 flat.
Kentucky's Board of Pharmacy requires a wholesaler, wholesale distributor, or virtual wholesaler permit applicant to post a surety bond of not less than $25,000 under 201 KAR 2:105. Ours is $250 flat, set by our carrier's rate book for this bond — and this kind of fixed license bond is issued on the spot.
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How much does a Kentucky pharmacy wholesaler bond cost?
$250 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
Fixed-amount license bonds are the simplest thing in surety. Here's the entire process:
Apply online
Business details, your application or permit number, and an effective date. That is the application. No credit check.
Pay & e-sign
Fixed-amount license bonds like this are among the thousands of bond types that issue right after purchase.
File with the Board of Pharmacy
Your executed bond and power of attorney arrive by email, ready to file with your virtual wholesaler permit application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A virtual wholesaler distributes prescription drugs in Kentucky without taking physical possession of them. The Board of Pharmacy conditions the permit on a surety bond (or equivalent security) of at least $25,000 so the state has a financial backstop tied to your permit.
Under 201 KAR 2:105, the bond secures payment of any administrative penalties, fees, or costs the Board imposes and that the licensee fails to pay within thirty days of the penalty becoming final. It is a three-party arrangement: you (the principal), the surety carrier, and the Kentucky Board of Pharmacy (the obligee).
It is not insurance for you — if the surety pays the Board, you repay the surety. The regulation also accepts other forms of security (a letter of credit, a trust account, or insurance), but a surety bond is usually the cheapest: you pay the flat $250 premium instead of tying up $25,000.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $25,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Board of Pharmacy. Your executed bond and power of attorney arrive by email, ready to file with your virtual wholesaler permit application or renewal. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $250 at the $25,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
One application, issued instantly.
These are the actual issuing fields. No credit check.
Start the application →Common questions.
Other Kentucky bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
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$250 flat, no credit check, bond often issued in the same sitting. Free until issued.